To
boost power generation in the State, Delta State Government has signed a
Memorandum of Understanding [MoU] with Alpha Energy
and Electric Inc., an American company, for the generation of 500 Megawatts
[MW] of electricity through public- private partnership.
Speaking
during the signing ceremony in Asaba, Governor Ifeanyi Okowa said that the development
of the Independent Power Plants (IPP) would help boost the energy capacity of
the state to meet the power needs of investors and businesses in the state,
disclosing that power was a prerequisite for investments and industries to
thrive in the country.
The
MoU was signed on behalf of the State government by the Secretary to State
Government Barr. Ovie Agas witnessed by Governor Okowa along with other members
of the State Executive Council.
"
This MoU we are signing today is for the development, design, financing,
construction and maintenance of multiple power production plants in multiple
locations in the state, as a state we are ready to give the necessary
assistance and co-operation to enable your company succeed because the power
generated in the country is very low and we need to boost it to meet the power
needs of our industries and attract investors to the state so as to impact on
our economy and create employment.", he said.
“President
Buhari has promised to improve energy generation in the country to 10,000 MWA
by 2018, so this partnership will enable us contribute our quota to achieve the
President’s energy goal while investors will get high yield for their
investment”, the governor added.
Senator
Okowa disclosed that the state government would partner with credible investors
to develop the economy, create employment for the youths and improve the
state's infrastructure stressing that " the state has vast untapped
deposit of natural gas, land and friendly environment which investors can put
into use."
He
assured the company of government’s support and the necessary investment
friendly environment to enable the IPP project succeed and charged them to
commence work as soon as possible.
Earlier,
the Chief Executive Officer (CEO) OF Alpha Energy and Electric Inc., Mr. Ike
Nwabuonwu, explained that the company was in the state to develop and maintain
multiple power production plants in multiple locations in the state to generate
500MWA of electricity disclosing that they were keying into the Obama Power
Initiative For Africa to contribute their quota to the improvement of power in
the country using various energy sources.
“The
MoU is to design, develop, finance, construct, operate and maintain multiple
power production plants in multiple locations in Delta state of Nigeria. It is
estimated to be up to 500 megawatts. This 500 megawatts will be executed in
phases; the first phase is estimated to be for up to 150 megawatts”, he said.
Mr.
Nwabuonwu assured Governor Okowa that the project would create employment
opportunities for the teeming youths as well as boost the economy of the State.
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